Make it, but not at another's expense
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's a good day for those who are in...if you are able, consider taking EOD profits...the volume being this heavy should have moved this more, but as was pointed out earlier, this is likely a bit of manipulation to push this up.
Best to all...take profits when you can...be careful - it's YOUR money they are playing with in Pink land.
Gregg, I have called this fall since the $0.30's, and I believe I will be correct again. I have had others tell me "get in now" "reversal in progress" "Moving averages" etc., and yet we are sitting at $0.12.
My suggestion, ride this and take profits, and get back in with your profits at the next lower PPS. Given how this has been going, I see $0.09 or lower hitting after the dust settles. There is enthusiasm on this, but my guess is you are seeing daytraders playing both sides of this. This volume is indicative of that.
Remember where you are invested here: PINK
The will gain huge credibility if they actually start filing with an audited 10-K to show that they are really real...until then, they are a hype play, and I have taken advantage of the hype play.
Best to you...be careful...take profits when you can.
Folks, while financing can be a good thing at times (M&A as an example), WHO you get in bed with is extremely important.
ILUS is now in bed with a very bad lender...RB Capital
https://www.defaulters.com/scam/rb-capital-management/
(from the site):
In similar investigative reports on similar subjects, our users discovered and exposed serious issues related to –
Fraud
Money Laundering
Litigations and Lawsuits
Sexual Harassment Allegations
Bankruptcy
Criminal Conspiracy
As for Luki Ventures, couldn't find anything on them at all...no website, etc
Discover is a bit larger, but I wonder on the details.
Folks, details are important - I had the same query on IQST when they were securing financing. Details can kill a company...were shares involved? What is the interest rate?
They are taking on debt, but at what cost...while some see this a good news, I do not. the sheer lack of details and the fact that they are in bed with RB Capital (shady?) is not good. Are they getting overextended on debt?
I don't know, because the details could kill this. Be careful folks. I am still waiting...once the dust settles, I will reevaluate.
Best to all on this one!
learjet, it is possible that there is selling going internally to finance, but without disclosure it is hard to know.
Looking at the charts ending today, tomorrow is going to be rough IMO. All signals point to more selloff. The RSI is into oversold territory and momentum was going the wrong direction. Stochastics were dipping way into oversold as well.
You might see a bounce, but it will continue down IMO.
Best to all! Make sure you are covered.
J2003, time will tell...in my case, by Wednesday. It was on a slow downward trend for a bit, but falling from $0.15 to $0.12 (roughly) is a 20% fall, which is a lot for a penny stock.
So here is the info that scares me a bit:
"ILUS confirmed that it will be issuing three blocks of restricted shares for completed acquisitions, however the company clarified that following this, outstanding shares should remain in the region of 1.2 billion and it will continue its efforts to get outstanding shares down to as close to 1 billion as possible"
Now, while the unrestricted shares may be falling a bit, those restricted shares can account for a lot of money - DETAILS!
I receive restricted shares in the form of Stock Options, which are shares my company issues with a 2-3 year vest so those shares are not exercisable until they vest, and hence those shares dilute the OS (albeit small in my case). What are the terms of the restricted shares? How many? Those details are important for anyone with a long-term interest.
Anyway, at this point I feel we will fall further, and if the retrace is slow/steady, I will be in mid-week.
Best to you!
J2003, not yet...only because it was not a slow retrace. When a stock falls hard, it scares investors, and they too continue the retrace by pulling out, and the problem is exacerbated...
I am thinking Wednesday...will continue watching today and tomorrow, and maybe I will be in then.
Best to you...hope you do well!
J2003, well that is good, but I doubt he heard "me". Others are probably saying the same thing.
Getting down to 300 mil shares Authorized is huge, but he just posted that it will stay in the 1.2 billion and 1 billion neighborhood for the foreseeable future.
Wednesday should be a good hop in point once people get over the hype of moving shares from one class to another, and realizing that mgmt said the OS is going to basically remain the same...
At this rate, getting down to 300 mil Authorized shares through share retirement is going to take 2-3 years...unless they have some god send of an influx of cash.
How are they paying for all these M/A campaigns? Toxic debt? Good questions to know answers for.
Best to all on this one...hoping everyone does well financially...I hate to see people get hurt, but it happens.
Golf, yeah, I thought millions, and typed K...apologies
J2003, volume is slowing, most of today's volume was sells it looks like, and RSI is below 40 and dipping slowly. While the Bolli bands are pulling together, we are still on a slowing downward path.
It might bounce up a little, but IMO, we are going to head lower during the week.
Most of the reason is in my previous emails...they need to become compliant with the SEC...it's horrible that they have not filed a 10-Q since 2013.
Logic dictates that talk is cheap. $100's of million in potential revenue, and they can't file? if they become current with audited financials, retire the 900 million shares, drop the Authorized shares down to 300 million, this will skyrocket...until then, it's a pure hype play.
I may hop in by Wednesday...it dropped too quick this morning...bad signal
If you truly want to know why this is falling...
here is the reason: $100's of millions of dollars in potential revenue, with acquisitions and deals galore, and yet it's still a PINK company and what's worse about this is that they haven't even filed with the SEC to become compliant...
Yes, it's true...the last 10-Q filing for ILUS was 2013 with a 2016 filing, and it wasn't for a good reason "Suspension of Duty to Report"
jjr...put in your Limit order for $0.125, you'll likely fill.
Sub Atomic, IMO, yes, you are looking at 1-2 years. A smart person asks the questions regarding the M/A campaign they are on. Questions like How are you financing all these Acquisitions? Companies don't just say "Hey, it would be great to share all our profits with someone else"
Look, this company has some great product, but at present the OS is killing this stock. Kind of like a pretty girl with a great body, and then you find out she murders her boyfriends...
Share retirement, along with dropping the Authorized shares to around 300 mil or lower and some details on HOW they will get there. Watching the stock this morning, I think it will drop much more.
Best to all...
Look at the OS and share retirement this way: If it pulls back to $0.06, they may be able to buy and retire all the 900mil shares to make this a quality stock. But it only stays quality if they avoid debt to do this...toxic debt kills a stock.
It's only $54K to buy all 900 mil shares, but if they do that, I would want them to drop the Authorized shares to 300mil tops.
Best to you...be smart...it's your money!
You can't say I didn't tell you it would get here. Hopefully people pulled out in the $0.20's and are waiting to buy back in...given the quick drop this morning, I think we we pull back a bit more, and likely see $0.11 or lower.
It's a good thing if you have some cash to buy in, but I would not chase it upward.
Best to you...be smart...it's your money!
Mr_Wealthy, I understand that, but they should also be troubled if their SP drops by over 50%, and work to address that. I am not saying they have any control over it, but understanding that they are ripe for manipulation because of the OS of 1.1 Billion and NO detailed plan to drop that, and then couple that with being PINK, well, you have a perfect storm waiting to happen.
I sold out with a 3X+ bagger because I realized that hype drove the price up. and with hype comes retrace.
Again, for all, I like the products and aggressive management, but those other things are going to keep dropping this down...I mentioned it in the $0.30's, $0.20's and now teens...$0.13 is my drop in point...anywhere there or below and I will buy in, because it will rise again, but not until either a "hype campaign" shows up or they detail out HOW they are going to achieve Nasdaq.
Remember, they said ILUS was going Nasdaq, and now it's talk about another acquisition that will go Nasdaq...
Best to you...hope you do well on this one!
hot_karl, owning another OTC company, even 99.9% of one, does nothing to answer the OS for the parent company.
Are they talking about consolidating into a single entity? No.
Look, the lingo you are speaking, and the lingo they are speaking is the same, but a Pink stock owning a Nasdaq company just doesn't make sense.
Again, you are talking about a Pink company creating another company and spinning it out into a Nasdaq company - sorry, but that makes zero sense.
They can fix all of this by simply starting the uplisting of ILUS to QB, then QX and so on...if they can't get ILUS squared away, what makes you think they are going to get another company squared away?
Facts are often overlooked with flowery PR's...is this a company with great product: YES...is the mgmt team aggressive: YES
So why have they forgone the uplisting of ILUS and now focused on uplisting a subsidiary?
J2003, I told you they were going to stairstep this down. The problem here is the manipulation based on facts: Pink stock & no detailed share retirement plan.
Yes they have spoken about retiring shares, but no detailed plan. Again, I have had similar concerns on IQST when they were PINK. Words are cheap, actions require initiative.
I have read here that ILUS is a 2-3 year hold, and I agree. They talk a lot about Nasdaq, but I have seen zero movement on that, so that makes this a huge play for shorters and manipulators.
Best to you...again, my drop in point is $0.13 and lower.
jjch, retro is the new "new" for a lot of people. These are small bikes to match smaller CC motorcycles, which is the trend in most, if not all, Central/South American countries.
Even when I travel to Shanghai, the smaller bikes are prized more than the large ones, and retro is appreciated. Electric is how Shanghai is going per the government, and being able to supply countries like China is going to be HUGE.
There is a LOT of promise in this division of the company - a LOT.
Best to you!
One thing...
For god's sake, please PROOF your PR's
While iQSTEL's share price is not immune from the prevailing market volatility, we remain confident market conditions will improve and likewise optimistic in the potential of iQSTEL's share price to organically rise to the Nasdaq minimum listing requirement.
grammatically it is incorrect...the "likewise" & "optimistic" conjunction is in error
Best to all longs...I hope that silly errors like this cease.
Great News! Let's start motoring North folks...
J2003, no, I won't be loading until it settles out around $0.13. Then I will load.
If I miss the boat, so be it. It has been stair stepping down every day for a while now...every once in a while you see a dead cat bounce, but then it pulls back again.
Too many big things need addressing for this to be a play for me. The OS and retiring shares (How/When?) and will it result in debt to accomplish? Also, why is this not on QB at least? It's been more than enough time for them to file. Is it debt that is preventing that? too many unknowns.
Best to you...If it rebounds up, take profit and wait IMO...
AlwaysKing, PINK Stocks are manipulated much more than other areas. This stock needs to address WHY they are not on QB, or even QX. All this great news, and the needle hasn't moved.
Some have said "we'll go straight to Nasdaq" but I cannot think of a single Nasdaq stock that went from Pink to Nasdaq...do you know of any?
Why are they not on QB at a minimum? This is the manipulation. Some are being told of all these acquisitions, and yet no planned date on retiring shares and how, or even talk on QB...
It's time to take this to the management and push them for details. Is the share retirement going to result in toxic debt?
I have a $0.13 price point, and it may go lower, but that is my buy in point. I have been saying this to others for a while, and all I hear is "new bottom", Moving Average, etc., and while that is ok for high end stocks, PINK land stocks don't play by those rules, especially with MM's.
Best to you...IMO, wait to buy in.
I told you when this broke into the teens that it would retrace back. All I kept hearing was "this is the bottom - buy!!"
Look, I will buy back in once it breaks around $0.13 and IMO you should wait. News is great, but remember where this stock is: "PINK"
It has 1.1 Billion shares OS with authorized 2 Billion, and yes they have spoken about retiring shares, but nothing has happened - no plan on how/when. They also should have already been on QB at a minimum.
This is the danger of Pink stocks...again, great products and they can be a bigger company, but dealing with the OS and the uplisting is KEY.
Be realistic with ALL your investments/plays. And help others...don't try to hurt them by encouraging them to jump in just to help your position - that's disingenuous.
Best to all...
J2003, look at my earlier post regarding uplisting requirements. I can't think of any stock that went from Pink to Nasdaq without the interim.
I will gladly have a slice of humble pie if I am wrong...I don't know every stock out there in Nasdaq land.
I just know in order to generate solid Long Term investors, a company needs to show the seriousness of their goal. Achieving QB at a minimum would help.
Clean up the OS and get out of Pink land...2 huge goals to hit IMO.
Best to you!
bunda, apologies, but I have heard that since it was in the $0.30's...I sold at a high point, but it was all generated hype. You will likely continue to see retrace. It bounced off $0.161, but the charts are showing continued weakness in oversold territory.
If you plan to buy more, I would encourage waiting a bit...remember where this stock is "PINK"...why isn't it sitting in QB land at a minimum?
bunda, unfortunately, I do not believe that is the case. When you break key points, especially in Pinks, retraces are like melting ice cream. I hope a lot of people do not get burned on this as it pulls back, but then again, they only get burned if they sell...long term, this may prove a good stock, but the uplisting and share retiring are key to that.
Best to you
DD, that is correct. However the queries regarding uplisting have not been answered. I like this company's product BUT, with all this going on, why have they NOT made a move to ensure investors of the reality of all their work by simply moving out of Pink?
I am in IQST as one of my investments long-term, and similar queries were brought up by me there - they are now QX and readying for Nasdaq but still need the SP.
The minimal requirements for Nasdaq are:
$2 close price for 90 days sustained
$3 close price for 5 days sustained
$4 close price for 1 day
BUT, if a company achieves the $3 or $4 close price through volatility (i.e. rapid rise up) or through a RS (they have said NO RS) then Nasdaq can impose a 5-10 day additional timeframe to either the 5 day or 1 day. This means that the 5 day can become 10-15 days that it must hold for the $3 and 6-11 days that it must hold for the $4.
Again, I like this company, but words are not actions...retire the shares now, and file to QB at a minimum.
Best to you!
I mentioned before that if we broke into the teens, we would likely retrace back to $0.13/$0.14 and I mentioned that Moving Averages aren't always applicable in Pink stocks.
Now ILUS is pulling back slowly. There are things that should make one pause: I realize they have spoken about retiring shares to bring the OS down significantly (that is good), but in all the time the company has been filing/acquiring/aligning, they have not applied to QX or even QB to get out of Pinks.
This part scares some as Pinks are notoriously known for BS. That said, I hope the pull back doesn't sink too many investors, but they should consider holding on buying more until this settles out.
10K's aren't due until Mar/Apr so a lot can happen between now and then.
Sorry, just trying to be a voice of reason in a crazy market.
Again, this company has solid products and an aggressive team, but the questions regarding OS and uplisting are still unanswered.
Best to all!
Peter, if you look above the charts on the message board, there is an up to date OS along with all the other data you are requesting.
I copied it here for you.
SHARE STRUCTURE
Authorized Shares: 300,000,000 09/30/2021
Outstanding Shares: 147,357,358 01/17/2022
141,717,358 09/30/2021
118,133,432 12/31/2020
Restricted: 5,530,207 01/17/2022
Unrestricted: 141,827,151 01/17/2022
Held at DTC: 139,361,923 01/17/2022
Float: 131,363,757 04/21/2021
Best to you and all longs!
Belg, I love the small percentage pops...small runs don't attract the predators.
Best to you!
Morning All! Hoping for a green day today - futures markets are signaling confidence today (Nasdaq more than the Dow), because of Jobs Report and the Interest rate adjust.
Hoping that gives investors a bit more confidence to get back into the market, as many were pulling and holding their money wondering if we were on the verge of a significant market pullback.
We started losing volume steam last week, so let's hope that we see a bit of a turnaround. Hoping the shorters stay clear.
Best to all Longs!
Tex, I would think they would touch on the profitability in the first quarter as they speak to the FY22 projections. They would likely address it as a means to project where the company will be at end of 2022. This, coupled with the profitability of Q4, with updates on their business sectors, will catapult the stock to levels it should be at - the price should sustain at that point...right now, until the 10K is out, the price may rise quick, but that may mean an inevitable pull back...
Best to all longs! As Crawfors said, it is going to be a wild year
J2003, best to you...hoping you are right.
900K share buyback would cost $180K...if they can do it, they should, and retire those shares, and NEVER issue them again
I understand issuing shares for M/A campaigns, but like the National debt in the U.S. of $30 Trillion, eventually debt becomes a problem.
Have a great day!
J2003, for those invested at this moment long-term, I hope so, but a lot of stocks are not adhering to Moving Averages.
Looking at the charts, your RSI is not strong (hovering around 40), and while there is a bottom indicated in the Parabolics/Bolli bands, this is only a snapshot for today.
I keep hearing (its at the bottom) and have heard that since it was flying in the $0.40's, but reality is going to hit - OS is too high, and yes some will make money on a quick pop, but until they address the OS, it will fall, then pop, fall, then pop all the way down to my buy in point.
I hope for those who are invested today, that you are right, but I doubt it.
Best to you and all longs!
folks, ILUS has broken a key support and will likely fall to $0.13-$0.14, and if it does, it may fall farther.
Now, ILUS has GREAT product and a very skilled team, but the OS at 1.1 Billion only means it will RS to ever get anywhere.
Yes, you may enjoy a 20-30% pop and cash out, but if you are long, you have to be more objective. I called teens back before december, and made a last ditch effort to inform folks when it was riding in the $0.30's that it would fall to the teens.
Now you have Moon Market and other hypers out there killing this stock. It will recover, but it will be months out from here IMO.
I have made no bones about my buying in to ILUS, and have already made money off the hype, but right now a deeper DD is needed by investors. Management needs to be honest about the RS (1:10 or 1:15 maybe 1:20) to get the OS down to a better level.
Best to you on this, but go forward carefully.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167313531
My E-trade is only $4.95...not sure if that is tied to volume of trading or because I have been with them since 2001...
Best to all Longs!
Chart looks good at the moment...a series of buys would push this up quick. I think we have everyone holding and waiting.
Best to all longs!